EUR/USD Outlook (30 June 2020)

Overall, EUR/USD is ranging across.

The German Preliminary CPI m/m data (Actual: 0.6%, Forecast: 0.3%, Previous: -0.1%) released yesterday indicated a recovery in inflation in Germany.

The French Preliminary CPI m/m data (Forecast:0.4%, Previous: 0.1% revised from 0.0%) will be released later at 1445 (SGT).

The eurozone CPI Flash Estimate y/y data will be released later at 1700 (SGT).

• CPI Flash Estimate y/y (Forecast: -0.1%, Previous: 0.1%)
  
• Core CPI Flash Estimate y/y (Forecast: 0.8%, Previous: 0.9%)
  

EUR/USD’s next support zone is at 1.11200 and the next resistance zone is at 1.13700.
Look for short-term buying opportunities of EUR/USD up until the testification by Federal Reserve Chairman Jerome Powell tomorrow at 0030 (SGT).